The facilities provided by the Turkish government to encourage investment prompted real estate investors from all over the world to go to the real estate market in Turkey to invest, which led to an increase in demand and movement in the Turkish real estate market.
Today, Turkey has become one of the first countries in the world with a strong movement of buying and selling real estate and real estate investment, due to the many advantages that the investor can obtain.
Through the following article, you can see the most important and prominent things related to buying real estate in Turkey, we wish you a good follow-up.
Ways to buy real estate in Turkey 2022:
There are many ways to buy real estate in Turkey through which the investor can buy the property he desires. The real estate market in Turkey has become one of the most active real estate markets in the world. What Turkey is witnessing today in terms of urban development and diversity in real estate projects such as villas, apartments and residential complexes is only in response to the requirements and needs of the market. The population increase is matched by an increase in demand for residential apartments, which are one of the types of real estate that can be purchased, as well as the tourism movement that Turkey is witnessing today has a role in increasing the demand for tourist properties such as villas, modern apartments and studio apartments that are located in the tourist areas.In addition to the increasing desire by foreign investors to reside and reside in Turkey because of its advantages and a great role in increasing the desires of investors to reside there, there are several ways in Turkey that enable investors to buy real estate:
Buying private real estate:
The investor can buy the property from the owners of private projects, such as buying studio apartments and apartments in residential complexes that are in the form of adjacent buildings distributed regularly. These apartments are characterized by good service and proximity to government and educational centers and may be near tourist sites. The choice is due to the investor’s need and desire to live or reside there, and here we mean businessmen who want to invest in Turkey, because this type of real estate is the most expensive compared to other properties in the real estate market in Turkey.
Buying real estate from offices and companies:
Or you can buy from real estate offices and real estate companies, where you must choose an office near the place you intend to buy from, and then ask about real estate prices in general in the area in which you intend to buy, so that a set of offers that meet the investor’s desires will be presented. What he is looking for is where the investor can choose the appropriate price according to the budget allocated to the investment. What distinguishes this type is the appropriate prices in order to compete between companies and offices in the offers submitted to the investor.
Buying real estate in installments:
Investors can also buy a property in Turkey in installments. The real estate market in Turkey has provided the opportunity for ordinary people to invest and buy. If you want to buy a property, it is not necessary to own the full amount to buy an apartment in Turkey. Where it became possible to obtain and buy an apartment without paying the full amount agreed upon, but to pay the amount in installments in installments agreed upon by the seller and buyer within the terms of the contract, and from here the idea of selling in installments spread in the real estate market in Turkey. But the buyer must pay the first agreed-upon payment after the agreed-upon period in the text of the sale contract, and the title deed remains with the seller, and it is not handed over to the buyer until he pays the full amount agreed upon, in order to preserve the rights of both parties.
Steps to buying real estate in Turkey:
The process of buying and selling real estate in Turkey must go through a set of steps through which the investor guarantees success and gets the greatest opportunity to reap profits from this investment. Here we will list the critical set of steps to buy real estate in Turkey:
Choosing a location, setting goals and desires:
The investor who wants to buy real estate in Turkey must determine the set of goals and purpose of the purchase process, whether it is for housing or for commercial investment, and to choose a property suitable for the budget allocated for the investment. He must choose general specifications for the property that fit the desire with the budget, and from here we must mention the general specifications of the property
Location and city in which the property is located:
The location is very important in determining the price of the property. The properties in the tourist areas, such as apartments for sale in Istanbul, are more expensive than the apartments in other cities. Hence, we can say that choosing the city is according to what the investor desires. If the property is for housing and residence and the budget is limited, a suitable property can be found in rural areas or decentralized cities.
The real estate space, which plays a major role in determining the price of the real estate, the investor must choose a suitable real estate space for his request and desires.
The investor must choose the view of the property very carefully to suit his desire, as the property overlooking the sea or the beach is more expensive than the property with a normal view.
Furnishing and servicing the property:
And here we mean by furnishing, decoration and wall painting, and the investor must choose the property with beautiful and modern furniture and in appropriate and consistent colors with the colors of the walls, which gives it aesthetics and affects the sale and investment of the property.
2 - Choosing real estate agents in Turkey:
The investor must choose the real estate agent carefully, as the reputation of the real estate agent in the market, the quality of services and offers provided to communicate with him and the presentation of the required desires and the initial agreement are considered to see all the offers that meet the investor’s desires.
Tours and visits to the ground:
The investor must go himself to inspect the property and see the offers he received on the ground in order to see its specifications, advantages and all the details related to it.
Agreeing on the price of the property:
The buyer must inquire about real estate prices in the area in which he wants to invest and buy the property, and start negotiating the price with the property owner so that the role of the real estate agent comes in the negotiation round with the property owner. Then he agrees with him on the terms of the sale and the final value of the property in the presence of the real estate agent in order to pay a cash value to seize this property until all the procedures for sale are completed.
Preparing the property purchase contract:
After the property is seized, the sales contract is concluded with a notary or a lawyer to ensure that it is not deceived or manipulated and that it will not cause real estate problems in the future.
Preparing the required documents:
All government papers required for the process of transferring ownership of a property from one person to another are prepared in accordance with the provisions of the Turkish government instructions. A tax number must be obtained - opening a bank account - security approval to complete the process of buying a property in Turkey
Issuance of title deed:
The investor's title deed is obtained after submitting all the papers, including the sale contract. The title deed (Tabu) is obtained from the Real Estate Registry Directorate, and the process of buying real estate in Turkey ends, so that the investor becomes the owner of the property by law.